World Bank Appoints President Jim Yong Kim for Second Term
- Kim was only candidate nominated to lead development bank
- Says he will focus on economy, education and health programs
Jim Yong Kim, president of the World Bank Group.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Jim Yong Kim was appointed for another five-year term as World Bank president, maintaining continuity at the development bank amid a growing debate about how fairly globalization’s benefits are being shared.
In re-appointing Kim, the board cited his “leadership and vision,” which included overseeing a commitment by member nations to end extreme poverty by 2030 and boost income growth for the bottom 40 percent of earners in every developing nation, the lender said in an e-mailed statement on Tuesday. Kim’s new term will begin July 1, 2017.